Asian Bank

815-837 Arch Street
Philadelphia, PA 19107

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34759
Date Established 1999
Assets $0.17 billion
Loans $0.13 billion
Deposits $0.13 billion
Capital $0.01 billion

Asian Bank is an FDIC insured institution located in Philadelphia, PA. It was founded in 1999 and has approximately $0.17 billion in assets.

For a more detailed analysis of Asian Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Asian Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Pennsylvania, Asian Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.83
Multifamily
Mortgages
2.63
Credit Card Loans 0.03
Consumer Auto Loans 0.00
Small Business Loans 68.15
Construction and Development Loans 0.21
Commercial Real Estate 77.46
Commercial and Industrial Loans 2.12
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.30% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.30% $1,000 - Learn MoreShow Less
Special: 10 Mo CD
1.25% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $250 $24,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.50% $1,000 - Learn MoreShow Less
Special: 10 Mo FIRA
1.25% $1,000 - Learn MoreShow Less
Special: 15 Mo FIRA
1.50% $1,000 - Learn MoreShow Less
Special: 18 Mo FIRA
1.75% $1,000 - Learn MoreShow Less
Special: 30 Mo FIRA
1.90% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.30% $1,000 $9,999 Learn MoreShow Less
MM 10K
0.50% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Asian Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Asian Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Asian Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Asian Bank Locations

Financial Details

Asian Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Asian Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Asian Bank U.S. Bank Average
10.39% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Asian Bank had $1,553,000 in non-current loans and $180,000 in owned real estate. To cover these potential losses it had $14,977,000 in equity and $1,702,000 in loans loss reserves. That gives it a Texas Ratio of 10.39%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Asian Bank U.S. Bank Average
9.7% 8.58

Asian Bank has a Return on Equity of 9.7% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Asian Bank U.S. Bank Average
8.74% 12.11

Asian Bank has a Capitalization of 8.74% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Asian Bank Balance Sheet Analysis

As of June 30, 2017, Asian Bank had assets of $171,304,000, loans of $133,988,000, and deposits of $131,473,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Asian Bank

Branches and Savings

Is Asian Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34759.

Why does Asian Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Asian Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Asian Bank a commercial bank?

Yes

Where are Asian Bank locations?

See branch locations nearby.

Is Asian Bank open on Saturdays?

Is Asian Bank open on Sundays?

What time does Asian Bank open?

What time does Asian Bank close?

Are Asian Bank ATMs Open 24/7?

Do Asian Bank ATMs accept cash deposits?

Can Asian Bank customers use other ATMs?

Do Asian Bank branches have notaries?

Will Asian Bank notarize my document?

What address for Asian Bank should I put for incoming ACH transfers?

Will the Asian Bank branch print checks?

Do Asian Bank checks expire?

Does Asian Bank require US citizenship to open account?

Can Asian Bank close my account?

Does Asian Bank Report to credit bureaus?

Does Asian Bank Use Equifax?

What is Asian Bank's ACH Routing Number?

What is Asian Bank's SWIFT code?

Products

Does Asian Bank offer mortgages?

Compare mortgage rates here.

Does Asian Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Asian Bank offer personal loans?

Compare personal loan rates here.

Does Asian Bank offer student loans?

Will Asian Bank cash a check?

Will Asian Bank redeem a savings bond?

Does Asian Bank cash savings bonds?

Will Asian Bank cash money orders?

Can Asian Bank issue a money order?

Does Asian Bank do currency exchange?

Background on The Bank

Who owns Asian Bank?

How long has Asian Bank been around?

Can Asian Bank transfer to other banks?

Does Asian Bank have quick pay?

Does Asian Bank accept rolled coins?

Will Asian Bank accept loose change?

Where is Asian Bank headquarters?

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